Cayman in strong position post-Brexit: Cayman Finance

Jude Scott, chief executive officer (CEO) of Cayman Finance, has said that the Cayman Islands is in a strong position following the UK’s decision to leave the European Union.

Scott commented: “As the premier global financial hub the Cayman Islands financial services industry will continue to work closely with its clients and countries around the world to resolutely do its part in ensuring the continuing success and stability of the global financial economy.

“Cayman’s own political and economic stability, its sophisticated and comprehensive legal system and stable and business-focused government means the Cayman Islands is in a strong position to face any change.

“Our financial services industry is strong and resilient and has weathered global economic and political change well in the past. Short term we will see some volatility in the financial markets however we will continue to monitor the political and economic situation and plan for the long term to ensure we are well prepared for any implications this decision has over the next few years.

“We reaffirm our strong working relationship with the UK and Europe and our business partners in that region.”